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SB1 Markets Downgrades Equinor to Neutral, Lifts PT

SB1 Markets on Wednesday downgraded energy company Equinor (EQNR.OL) to neutral from buy and increased its price target to 365 Norwegian kroner from 360 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$EQNR.OL

Asia4d ago

Huaneng Power International Sells 2 Billion Yuan Bonds

Huaneng Power International (SHA:600011, HKG:0902) completed the issue of 2 billion yuan three-year bonds carrying a 1.55% interest rate.The electric power company will use proceeds to supplement its working capital, adjust debt structure, repay bank loans and debt.

HKG:0902SHA:600011

Mining & Metals4d ago

Abaxx to Launch Normal Course Issuer Bid

Abaxx Technologies (ABXX.TO) is launching a normal course issuer bid following acceptance from the Toronto Stock Exchange, the financial software and market infrastructure company said Wednesday.Under the bid, Abaxx may purchase for cancellation up to 400,000 common shares of the company, or about 1.03% of its issued and outstanding common shares, from July 24, 2026, to July 23, 2027, or earlier.

$ABXX.TO

Asia4d ago

BExcellent Posts 10-Month Profit

BExcellent Group Holdings (HKG:1775) recorded unaudited profit attributable to owners of HK$12.9 million for the 10 months ended May 31, compared with a loss of HK$11.2 million a year earlier, according to a Hong Kong bourse filing.The education services provider attributed the turnaround mainly to revenue growth from higher student enrolments at partner schools in mainland China and increased income from ancillary education services and products.

HKG:1775

Equities4d ago

BofA Securities Adjusts Price Target on Delek US Holdings to $50 From $34

Delek US Holdings (DK) has an average rating of overweight and mean price target of $60.58, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$DK

Mining & Metals4d ago

5N Plus Initiated at Outperform, C$41 Price Target at RBC

RBC Capital Markets initiated coverage of 5N Plus (VNP.TO) with an Outperform rating and C$41 price target.Analyst Nelson Ng said the Canadian producer of specialty semiconductors and performance materials has a "strong competitive position in producing niche and high purity materials.""We believe the recent pullback in the share price provides an attractive entry point into a company that is seeing strong demand for its space solar cells and semiconductor compounds for thin film solar panels," Ng said in a note to clients."We forecast EBITDA growth over the next three years to be 18% CAGR, and our price target is based on a blended 17.5x multiple applied to our 2028 EBITDA estimate," the analyst said.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$VNP.TO

Oil & Energy4d ago

Market Chatter: Iran Cuts August Light Crude OSP to Asia

Iran will offer light crude oil at a discount to Oman/Dubai quotes to Asian buyers in August, Reuters reported Wednesday, citing the state-owned National Iranian Oil Company.The country's official selling price for the grade is $4.35 per barrel lower than the average Oman/Dubai prices for next month.Iran's official selling price for July for light crude oil was at a premium of $7.15 to Oman/Dubai prices.Meanwhile, heavy crude oil is being offered at a discount of $6.50/bbl in August, the report said.has reached out to the National Iranian Oil Company for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Mining & Metals4d ago

Olive Resource Capital to Raise C$3.3 Million Via Non-Brokered Private Placement

Olive Resource Capital (OC.V) intends to raise C$3.3 million through a non-brokered private placement, it said in a statement on Wednesday.The offering will consist of the issuance of 30-million common shares at C$0.11 apiece. Proceeds will be used for general corporate and working capital needs, it said.Closing of the offering is expected on or about Aug. 7, subject to some conditions. The company also expects certain of its directors and officers to take part in the offering.Shares of the company closed down 4.6% to C$0.105 on Tuesday on the TSX Venture Exchange.

$OC.V

Asia4d ago

Wang On Properties Logs HK$1.21 Billion in Fiscal Q1 Contracted Sales

Wang On Properties (HKG:1243) recorded contracted sales of around HK$1.21 billion for the three months ended June 30.Saleable area stood at roughly 47,784 square feet, according to a Wednesday Hong Kong bourse filing.

HKG:1243

Asia4d ago

Nameson Proposes Share Option Scheme

Nameson (HKG:1982) is proposing a new share option scheme to replace a 2016 incentive plan which expired April 11.The adoption of the new scheme, to incentivize employees and retain and attract talent, is subject to shareholder approval, according to a Wednesday bourse filing.The scheme, if approved, will be valid for 10 years from the adoption date, the knitwear manufacturer said.

HKG:1982

Mining & Metals4d ago

Rogers Reports Higher Q2 Adjusted Earnings, Revenue

Rogers Communications (RCI-A.TO, RCI-B.TO) reported second quarter adjusted earnings of C$1.15 per diluted share compared to C$1.14 a year earlier.Analysts polled by FactSet expected C$1.13.Revenue for the quarter ended June 30 was C$5.62 billion, compared to C$5.22 billion a year earlier, it said Wednesday.Analysts expected revenue of C$5.56 billion.The company also declared quarterly dividend of C$0.50 per share, unchanged from the prior quarter. It will be paid on Oct. 2 to shareholders of record on Sept 8, it added.The company also reaffirmed its 2026 outlook.

$RCI-A.TO$RCI-B.TO

Mining & Metals4d ago

FinEx Launches Diamond Drilling at Kero Gold Project in Finland

FinEx Metals (FINX.V) said diamond drilling has begun at its Kero gold project in northern Finland, the company said Wednesday.Diamond core drilling has begun as part of a 2,000 meters program. FinEx will also collect 600 top-of-bedrock/bottom-of-till samples, across three priority target areas.The Kero Project is within the same district as the Kittila gold mine, Europe's largest gold mine, and the Ikkari deposit, both owned by Agnico Eagle (AEM.TO).

$FINX.V

Asia4d ago

Hing Yip Unit to Buy to Lease Back Assets

Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing agreed to buy to lease back certain assets from Naimanqi Huaqiang Heating for a little over 44.5 million yuan.The lessor will then lease the assets, comprising certain designated heat supply equipment and facilities, back to the lessee for five years for 53.4 million yuan.

HKG:0132

Research4d ago

TMX Group Price Target Lowered to C$61 at TD

TD Securities lowered its price target on TMX Group (X.TO) to C$61 from C$64 on Wednesday.Analyst Graham Ryding maintained a Buy rating on shares of the Canadian financial services company ahead of its quarterly results on July 30."Our constructive view remains intact," he said in a note. "However, we are reducing our multiple to reflect valuation compression for peers around the potential for more competition from DeFi platforms."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$X.TO

Asia4d ago

Chia Tai Enterprises International Warns of Lower H1 Profit

Chia Tai Enterprises International (HKG:3839) expects an attributable profit of around $9.5 million for the six months ended June 30, down from $17 million a year prior.The biochemical and industrial sector company attributed the forecast to a decline in the performance of its chlortetracycline and animal health businesses amid a slowdown in China's animal farming sector.

HKG:3839

Research4d ago

B. Riley Initiates Lyell Immunopharma at Buy With $44 Price Target

Lyell Immunopharma (LYEL) has an average rating of overweight and mean price target of $38.14, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$LYEL

Equities4d ago

Magnolia Oil & Gas to Offer $500 Million in Private Debt Placement

Magnolia Oil & Gas (MGY) and its subsidiaries and affiliates plan to offer a total of $500 million in senior unsecured debt notes due 2034 in a private placement, the company said Wednesday.The issuers plan to use the net proceeds from the offering, together with proceeds from the offering of shares, its revolving credit facility, and cash on hand to fund the cash portion in its acquisition of WildFire Intermediate Holdings from WildFire Energy, the company said.

$MGY

Mining & Metals4d ago

NovaGold Resources to Acquire 100% of Donlin Gold Project in Alaska

NovaGold Resources (NG.TO) entered into a series of definitive agreements to acquire Paulson Advisers' 40% interest in the Donlin gold project in Alaska.Following the transaction, NovaGold's project ownership increases to 100% from 60%, the gold development company said Wednesday.As consideration, Paulson will indirectly receive a 35% stake on a fully diluted basis in a new company called NovaGold Corp., which will have an estimated US$4.2 billion equity value and will be listed on the New York Stock Exchange.Current NovaGold resources shareholders will own the remaining 65% of the new company. The transaction is expected to close in the fourth quarter.

$NG.TO

Japan4d ago

US Equity Futures Drop Pre-Bell as Oil Prices Jump Amid Lack of Progress in US-Iran Talks

US equity futures were lower pre-bell Wednesday as oil prices rose following US Secretary of State Marco Rubio's statement that Iran was not taking negotiations seriously.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were down 0.3%, and Nasdaq futures were 0.7% lower.US Central Command said in a post on X that it completed the 11th straight day of attacks against Iran, stating that the Strait of Hormuz "remains open for commercial vessel transit.""The problem we're having right now is that they're not serious about talks. If they're serious, we're serious. If they're not, then we will do what's necessary to protect our interests, and also the interests of our allies," Rubio said during the ASEAN Foreign Ministers' meeting in the Philippines, according to multiple media reports.Traders also took note of the latest round of earnings, with Philip Morris International (PM) reporting higher Q2 adjusted earnings and net revenue.Alphabet (GOOG, GOOGL) is expected to report its Q2 earnings after the market closes. Analysts polled by FactSet expect earnings of $2.88 per share on revenue of $117.06 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.1% at $94.74 per barrel and US West Texas Intermediate crude 3.8% higher at $87.57 per barrel.The Atlanta Fed Business Inflation Expectations survey for July is expected at 10 am ET.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$PM

Asia4d ago

Tianli Holdings Proposes English Name Change

Ceramic capacitor maker Tianli Holdings Group (HKG:0117) proposed changing its English company name to "EYANG Holdings (Group) Co., Limited".The proposed name change will be put to shareholders for approval at an extraordinary general meeting on Aug. 14, according to a Wednesday Hong Kong bourse filing.

HKG:0117

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